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ADM to Downsize Staff at Neovia Business in France


Following the acquisition of Neovia for $1.75 billion in February, Archer Daniels Midland company plans to reduce staff complement by 127. A company spokesperson justified the layoffs to avoid job duplication at both the headquarters in Saint-Nolff, Brittany and a second facility in Chateau-Thierry near Paris.

Neovia has an extensive business in Europe, Southeast Asia and Latin America. The company employs 8,360 worldwide with 1,070 in France.